The poultry meat market size in Vietnam experienced fluctuating growth over the past decade, beginning with a volume of 1.33 million metric tons in 2014 and reaching 1.57 million metric tons in 2023. The market showed notable increases in particular years, such as 2015 and 2018, with year-on-year growth rates of 6% and 5.2%, respectively. However, there were years of decline, especially in 2020, with a decrease of 4.18%. The compounded annual growth rate (CAGR) over the last five years leading to 2023 was 0.61%, indicating modest overall growth. For future trends, the forecasted growth rate from 2024 to 2028 suggests a CAGR of 0.67%, and an aggregate growth rate of 3.37% over the next five years, reaching 1.63 million metric tons in 2028.
Future trends to watch for include:
- Increased demand due to a growing middle class and changing dietary preferences.
- Potential challenges due to fluctuating feed costs and health concerns.
- Opportunities for growth in organic and antibiotic-free poultry products.
